Castlelake inks new £70m facility with TradeBridge
Castlelake has agreed to provide a new financing facility of up to £70m to fintech lender TradeBridge, as part of the investment manager’s private credit strategy.
The arrangement follows a previous £100m facility agreed in 2023 between the two parties, which was created to support TradeBridge’s financing solutions for pharmacies and dental practices in the UK and Australia.
The new £70m facility will help the fintech lender support B2B and B2C ecommerce marketplace clients, including UK Amazon sellers as part of a strategic partnership between the technology giant and TradeBridge.
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“We are pleased to provide TradeBridge with additional financing as it continues to serve the small-business sector and provide our investors with interesting investment exposure,” said Alex Curcio, partner at Castlelake. “Like TradeBridge, we understand the difference that creative financing solutions can make to businesses and take pride in playing an increasingly active role in the SME markets as traditional capital retrenches.”
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“Our partnership with Castlelake has been instrumental to us extending credit to thousands of SMEs across our multiple ecosystems, in numerous countries,” said Mark Coxhead co-CEO of product and portfolio at TradeBridge.
“This new facility increases our capacity to support the growth of our marketplace ecosystems – including our recent strategic partnership with Amazon to offer Term Financing to their UK sellers – and enables us to power growth for a broader spectrum of B2B and B2C ecommerce marketplaces and their sellers.”
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